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Search Results 0 to 12 of about 13 (some duplicates have been removed)
. i'm james tengan in beijing. >> james, thanks. >>> two major japanese automakers, toyota motor and mazda motor are expanding their business alliance, this time abroad. they agreed to produce a toyota brand car at mazda's plant in mexico. the companies have announced they will make 50,000 sub compact cars a year at a plant that mazda is now building in central mexico. production is scheduled to begin in the summer of 2015. a new design based on mazda's demio model will be used for this new car. toyota will pay for part of the production quip and and shoulder some development costs. toyota aims to strengthen its lineup in north america. mazda on its part is hoping to ramp up production efficiency at the new plant and improve its profitability. the two firms earlier joined hands to produce a hybrid car in japan. mazda will be using toyota's hybrid car technology for the production of the car. >>> japanese steelmakers have reported sharp profit declines in the first half of their business year. that's due to flagging overseas demand and increasing competition from china and south k
.27. >> more bad news for toyota. the company is recalling nearly 2.8 million vehicles because of two separate problems. >> and defects 13 different models including the popular prius hybrid. this time, the move concerns a defect in the steering shaft and problems with the water pump. toyota says no injuries or accidents have been reported. well, one of the world's most famous diamonds has sold at auction for nearly 17 million euros. it is named after the archduke yosef, its former austrian owner. >> the 76-carat diamond, which is described as internally flawless, came from ancient mines in india. it sold to an anonymous telephone bidder. it is the highest price per carry -- carat ever paid for a colorless diamond and well above the pre-sale estimate. >> we have to take a break, but when we come back, we will hone in on a country where the cash is not flowing so readily -- spain. >> after the break, we will touch on another challenge. >> that's in a minute. >> welcome back. the spanish government might soon have another problem to add to its plate. recent polls show that more than half of the
. the evening for her. toyota has announced another massive global recall. speaking of the challenges for japanese companies, it's the second for the company in less than two months. the japanese auto giant says nearly three million vehicles, including certain prius models, are affected. toyota says the problems lie with their steering mechanisms and hybrid water pump systems. in october, toyota recalled $7.5 million vehicles worldwide because of faulty power window switches. today's announcement came before the market closed and shares ended down .8 of a percent. >>> in south korea, shares of net korea power are up. we have more from seoul on what supercharged these earnings. >> the number one reason is higher demand for electricity during the hot summer season here in korea. and the second one is electricity price hikes of 4.9% back in august. its net profit came in at $862 million, much better than market expectations, but do note that kepco tends to perform best in third quarters, given hot summer weather here in korea when air conditioners really suck up power. but looking ahead,
't make it in time. jenna: sad story, elizabeth, thank you. rick: when we come back, do you drive a toyota? another recall from that carmaker. the second in less than two months. the problems now popping up with one of their more popular models. we'll tell you about it live. >>> plus the scandal that brought down the ci past chief and has the top u.s. commander in afghanistan under investigation. we'll talk about how our allies are reacting to that rick: right now, new troubles for toyota as the car begins to recall one of its popular models. patti ann browne live in the newsroom with the details. >> toyota will recall 2.77 million vehicles worldwide including some of its popular prius hybrid cars. they say there are steering and water pump problems. it is the carmaker's second multimillion-dollar recall, vehicle recall in a little over a month. toyota says the defects have caused no accidents and can be fixed in an hour or so but this could cost hundreds of millions of dollars for toyota to repair, at least according to one auto analyst. while the recall is widespread, the flaws are consi
in several models produced between 2000 and 2011, including the very popular toyota prius and toyota corolla. let's go to my friend who is there with more on that. reporter: i would like to bring in michael sing who is the washington director for north east policy. we have this breaking news on israel. the leading military member of hamas has been killed in gaza. we are going to put that into the mix. here is serious, syria, that war has been raging for 20 months now. now it is starting to spread to other areas. turkey has a refugee issue as will some other areas. jordan, down here, israel and lebanon. this map here, what is your concern? >> welcome one of the things we worry about now are all 20 months of this, this would eventually become a regional conflict. a broader conflict in one confined to syria. we find that happening to some extent. we see strikes in turkey and violence crossing into lebanon. we see a massive outflow of refugees into turkey and lebanon and jordan. of course, iran is also involved in this conflict as well. this is one of the big concerns that the u.s. has had all a
've also got some facebook news this morning. toyota recalling nearly three million vehicles worldwide, that includes the prius. this is due to problems with the steering system. the announcement comes a month after toyota recalled more than seven million vehicles for faulty power window switches that are a potential fire hazard. mr. kernen, good morning. >> andrew, 20 seems to be what facebook is worth, kind of? >> well, it hasn't moved. >> but it kind of found its -- 38, i don't know. but things are worth something, even after you get the people that are really excited and the people that are not excited and it finally finds a place. but 20 seems to kind of be -- maybe it is worth 20, which is not -- for a brand-new company to be worth $43 billion is really not that bad, is it? >> if you were to add yourself to facebook to get an account, it would be worth 21. >> if you don't short it when i finally get on facebook -- you know what i did yesterday? >> i don't know. >> i joined myspace. >> you did? >> no. >> oh. [ laughter ] >> that's how long it will take. other stocks to watch today
gm was first challenged by toyota or honda and they realized we can't just immediately become toyota because we'll lose our core base of gm buyers. they opened saturn. it's the fastest growing car retailer of all time to mimic mr. ackman. and where did it get gm? retail is a much tougher business than people realize. the number of retailers that have not got through a transition is monumental. i just question whether they have the balance sheet, the preferred yesterday fell off the cliff. the preferred is smarter. >> also, the number of sales per square foot that ackman started, it didn't strike me as much. $270 per square foot. i went into the data base of sales per square foot. it didn't strike me as a goal to aspire to. >> apple is the highest there is. >> 6,050. i went down the value chain. i didn't get to macy's. publixs $480. >> amazing rotisserie chicken. a guy at that takes bags to your car. >> publix is above everybody. >> whole foods -- >> to your point on square footage, at the news stores it's significantly more than the old stores. it's up dramatically from -- so that's
at the camry effect. camry from toyota. >>> as we have mentioned we're so delighted to welcome willie geist to our family on his first official day as the co-host of our third hour. >> that's right. before he gets started let's get to know him just a little bit better. >> oh, boy. >> willie was a little kid, he wanted to be a fireman. i don't think he ever thought tv was his thing. i think he wanted to play shortstop for the yankees or possibly a power forward for the knicks. >> we met in sixth grade, mr. kaplan's home room, september 1986, and i locked in immediately. that was 26 years ago. was it love at first sight for you? >> i don't know. i mean, you're 11. how do you know? >> it was for me. >> you were memorable at first sight, but i can't say love at first sight. >> just because i was tall and gawky. >> this isn't the movies. >> he was a suburban kid who wanted to be a hip-hop guy. we lived in ridgewood, new jersey, and he called it the wood. >> playing off "boys in the hood" we were the boys in the wood. say something like quiet on the set because i'm about to begin and if you didn'
. >> my wife might. i won't. >> your girlfriend. >> it's like a toyota, trying to turn yourself into a porsche? you agree with that? >> not true. we're not abandoning our core customer. i was in the makeup room and also had my buttons. >> you have a rise above button? that's most important. >> andrea loves jcpenney, i got in the makeup chair and she said jcpenney i love jcpenney and she's a core customer. i don't think i'm making myself clear. hold on, you interrupt a lot. now it's my turn to speak. we're going from 7 million square feet to 64 million square feet. that's going to make us bigger than every shopping mall rete in the world slightly smaller than simon in terms of specialty store square footage. i think the $250 number will be low in time. it's hard when you have my drawing here. >> you say 250? >> $250 per square foot. when you go to 70 which is where we're going to be pretty quickly all of a sudden it looks like the business plan. >> here is the question, though, how much -- you're a major shareholder. how much time will other shareholders give you? the question is
Search Results 0 to 12 of about 13 (some duplicates have been removed)